Stands for "Laugh Only a Little."
1. Used when something that is funny, but not too funny to use lol, comes up during a chat conversation.
2. Used as an insult to a person trying to say something funny in a chat conversation.
1.
PersonA: Dude, I just lost my camera cable.
PersonB: Really? Loal.
2.
PersonA: So, then I said "That's not a hamster! That's a gerbil!"
PersonB: Oh, loal...
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